Global Payments reports higher second-quarter income

SAN FRANCISCO (MarketWatch) -- Global Payments Inc.
GPN, -1.35%
late Tuesday reported its fiscal second-quarter operating income rose to $82.8 million from $58.4 million a year earlier. Its net income was 60 cents a share, up from 48 cents a share in the same quarter last year. Revenue increased to $401.1 million from $308.8 million a year earlier, said the Atlanta-based electronic transaction processing services provider. Analysts surveyed by FactSet Research had forecast earnings of 57 cents a share and revenue of $404.9 million, on average. The company forecast 2009 earnings of $2.14 to $2.21 a share on revenue of $1.55 billion to $1.58 billion.

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